The word is “nominee”, not “nominal”. The answer is yes. Sometimes the client will be grantor and trustee, but not a beneficiary. The client can wear two hats. Sometimes there is a nominee grantor, and client is a co-trustee. The other trustee must be non-related to primary trustee or beneficiary. And, client [co-trustee] has some beneficial interest [2 hats]. As grantor/settlor you have relinquished all control; therefore you are away from the picture, as grantor. As a co-trustee and not beneficiary, you are in a professional trustee role to provide service to the trust and beneficiaries.
